Scholarship is an amount of money which is given by universities or colleges or government to students in the form of award, payment, reimbursement or other transaction awarded to a current or prospective student for his/her study, training, or research at the University whereas financial assistance is provided to students in other forms of assistance, such as campus employment and teaching assistance.

Scholarships are often called “gift aid” because this is free money for students or reward to students for their excellent academics. This amount is financial aid that doesn’t have to be repaid. Scholarships are usually based on student’s merit.

Scholarships can come from your federal government, your state government, your college or career school, or a private or nonprofit organization or any scholarship event organizer company who is willing to help needy and talented students for their further study and research.

What kinds of scholarships are available, and how do you get one?

Here are a number of university and colleges who offer scholarship to students based on their excellent academics.